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The Iranian parliament is preparing a law which could prohibit oil exports to Europe immediately, in response to the embargo which the EU announced on Monday against Tehran.

The owners of "Polyus Gold International" Ltd. and "Polymetal International" Plc of Russia take into account the merger of the two mining companies in order to create the ninth largest producer of gold, sources close to the...

Last year, Intercapital Invest recorded trades with stocks and mutual fund shares on the regulated market of the Bucharest Stock Exchange of 522 million lei, up 6.3% over the previous year, according to a press release of the company.

This year will be excellent for the spring crops, due to the snow layer which covered Romania over the last few days, the minister of Agriculture, Valeriu Tabără, told us in an interview: "This year will be excellent for corn, for sunflower...

I don't remember any president of a Romanian bank having ever been received by Traian Băsescu at Cotroceni, and yet, it happened for the first time during the two terms of Traian Băsescu with Steven Cornelis van Groningen, the president of...

Alstom Power Italia, of the French group Alstom, will built a unit for the desulphurization of exhaust gas valued at 227.5 million lei (53.3 million Euros) for two energy blocks of energy producer "Complexul Energetic Craiova".

On Tuesday, SNC-Lavalin (TSX:SNC) of Montreal announced that its branch SNC-Lavalin Nucléaire won a contract of approximately 48 million dollars with the Nuclearelectrica National Company (Societatea Naţională Nuclearelectrica - SNN) of Romania,...

American experts have advised the government in elaborating the draft of the law concerning the compensation of owners of properties who were abusively seized by the Communist regime, according to Mark Gitenstein, the US ambassador to Romania.

Stock market investors are asking the Ministry of Public Finance (MFP) to change the methodology used for the taxation of stock market gain.

One year after the listing, the shares of the "Proprietatea Fund" are trading at a 60% discount compared to the NAV. However, Mark Mobius, the CEO of "Templeton Emerging Markets Group" hopes that this discount will shrink in the...

"Philip Morris" Romania will invest 1 million Euros in the modernization of its plant of Otopeni, by installing a new energy efficient cooling unit, according to a press release sent to our editors.

The National Airport Company of Bucharest (Compania Naţională Aeroporturi Bucureşti-CNAB) will spend 13.2 million lei (3 million Euros) on modernizing the presidential room of the "Henri Coandă" airport, according to the company's...

Varujan Vosganian, former Minister of the Economy and Finance, considers that the Proprietatea Fund had some positive effects by providing good liquidity and high number of transactions, but the shareholders are unhappy with the price of the...

From the very first year of trading on the stock exchange, The Proprietatea Fund became the star of the Romanian stock market.

Due to failure to meet contractual clauses, "Electrica" is demanding 50 million Euros in damages from E.ON, which bought a branch of Electrica in 2005, said Ioan Folescu, the general manager of "Electrica".

Interview with Mr. Ştefan Bucătaru, president and CEO of the company

The new management of the Bucharest Stock Exchange doesn't seem to be in any hurry to be validated by the Romanian National Securities Commission (CNVM), even though two weeks have already elapsed since the elections.

Some of the smaller players in the banking system, in terms of their assets, are trying to attract deposits from their customers, by paying higher interest on short term deposits, compared to the short term ones.

Last weekend, Robert Rekkers resigned from his position of general manager of Banca Transilvania (BT) and from the Board of Directors of the bank, after almost 10 years of activity, without providing an explanation for his decision.

VB Leasing Romania, part of the European Financial Group VB Leasing International Holding GMBH, ended the year 2011 with a turnover of about 90 million Euros, up about 6% compared to 2010, said Liviu Şerban, managing director of VB Leasing...

In the event that insurance companies refuse to pay damages for vehicles or other assets which were damaged during the protests, in cases where insurance policies do not cover riots or strikes, the Romanian government may grant damages for losses...

Financial ratings firm "Fitch Ratings" yesterday warned that the attempts of the major Austrian banks to meet the capital requirements f the European Banking Authority (EBA), by mid-2012, could have negative consequences for their...

Yesterday, a few thousand protesters attended the meeting hosted by the USL in the Triumph Arch area. At the same time, a few hundred people were protesting in the University square.

The controversial business "Mic.ro", controlled by magnate Dinu Patriciu, seems to be nearing its end - shuttered stores, and empty shelves in the "groceries" which haven't yet displayed the "CLOSED" sign, salespersons...

Riding the statues of Miţa, Zoe and Didina, lying in front of the National Theater, a football fan was waving the flag of the revolution, so the bunch of TV reporters would notice him and put him on TV, even though there were about 80% less...

Reporter: What is your opinion on the mining project of Roşia Montană?

Countries in Central and Eastern Europe, the authorities of the European Union (UE) and the international financial institutions will attempt to prevent the mass exit of Western banks from the emerging currencies in the region, as part of a new...

Three consortiums which include major financial groups - JP Morgan, Goldman Sachs and Citibank - as well as brokerage firms, have yesterday submitted bids at the headquarters of the OSPI for the intermediation of the listing of Romgaz on the...

• Ioan Folescu - "Oltchim owes about 150 million Euros"  

The loan portfolio of banks is deteriorating from one month to the next, as layoffs, wage cuts and the exchange have been affecting the debtors' ability to repay their loans since 2009.

All sorts of rumors have been going through and around Raiffeisen Bank Romania.

Yesterday, "OMV Petrom" has raised the price of fuel by 3%, or 9 bani per liter.

Brokers say that one of the reasons the stocks of the five SIFs have risen over the past two days, is the fact that investors have high hopes over the dividends which will be paid out this year.

Austria will impose the norms designed to enhance the safety of the financial system, by forcing major Austrian banks to reduce their lending to banks in emerging Europe, in spite of discontent in the region, according to sources close to...

The law concerning the holding limit in the SIFs from 1% to 5%came into effect after being published in the Official Gazette on Tuesday.

The shareholders of SIF2 Moldova may be summoned to decide on a share capital increase and to revise the articles of incorporation, the company's Board of Directors announced in a press release sent yesterday to the Bucharest Stock Exchange.

A deputy governor of the Romanian National Bank (NBR), together with other banking officials of 16 European countries, yesterday attended a conference in Vienna, to discuss the issue of the capitalization of banks in the Eurozone and the...

"Fondul Proprietatea" (FP) is far from being a "bargain" for investors, the analysts of "Erste Group Research" say, as they their target price for the fund's stock by 30%, to 0.51 lei/share.

Who will be the new manager of the Bucharest Stock Exchange is the question everyone is looking for an answer to, after the shareholders elected a new Board of Directors on Monday.

Yesterday, the five largest oil corporations in Romania were fined 880 million lei by the Competition Council for breaking the law.